SecureWorld News
APRIL 17, 2023
When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?
SecureWorld News
MARCH 28, 2024
The draft rules propose broad criteria that could apply reporting duties to more than 300,000 organizations across critical sectors like energy, communications, healthcare, and more. Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted.
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Webroot
SEPTEMBER 7, 2023
Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley.
SecureList
NOVEMBER 9, 2022
We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable. Some may even perceive this as their patriotic duty.
SC Magazine
JULY 13, 2021
Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. trillion, by 2025, a 75% increase. Dodson, Fortified Health Security CEO, said in a statement.
SecureWorld News
OCTOBER 5, 2020
This was not about the cybercrime itself, but instead, the regulatory trouble your organization could face for facilitating ransomware payments. The Treasury Department says it declares certain ransomware gangs and cybercrime groups as sanctioned for their actions. Ransomware groups may be sanctioned; paying could be trouble.
SC Magazine
JULY 14, 2021
In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack. Some 80% of respondents who paid a ransom say they experienced a subsequent attack.
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